conscious-parallelism

Noun

(uncountable)

(law): In United States antitrust law, price fixing that occurs without direct communication between the participants, but where the participants instead intentionally follow one another in raising prices to maximizeprofits at the expense of competitive pricing.

conscious parallelism - Legal Definition

n

A decision by a business, made independently and without any agreement with a
competitor, to follow a particular course of conduct that a competitor has
already taken. See also conspiracy.